Whipplewood Advisors LLC Raises Stock Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Whipplewood Advisors LLC lifted its position in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 936.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 456 shares of the medical instruments supplier's stock after buying an additional 412 shares during the quarter. Whipplewood Advisors LLC's holdings in Mettler-Toledo International were worth $538,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MTD. SBI Securities Co. Ltd. bought a new position in Mettler-Toledo International during the 4th quarter worth about $33,000. Edmond DE Rothschild Holding S.A. purchased a new position in Mettler-Toledo International during the fourth quarter valued at approximately $44,000. Blue Trust Inc. lifted its holdings in Mettler-Toledo International by 70.8% during the fourth quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier's stock worth $50,000 after buying an additional 17 shares during the period. Menard Financial Group LLC bought a new stake in Mettler-Toledo International during the 4th quarter valued at $67,000. Finally, Farther Finance Advisors LLC boosted its position in Mettler-Toledo International by 14.3% during the 4th quarter. Farther Finance Advisors LLC now owns 64 shares of the medical instruments supplier's stock valued at $78,000 after acquiring an additional 8 shares in the last quarter. Hedge funds and other institutional investors own 95.07% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MTD. Evercore ISI upped their price objective on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. Citigroup upgraded shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 target price for the company in a report on Monday, April 7th. Jefferies Financial Group upgraded shares of Mettler-Toledo International from an "underperform" rating to a "hold" rating and lowered their price target for the company from $1,200.00 to $1,110.00 in a report on Monday, May 5th. Wall Street Zen lowered shares of Mettler-Toledo International from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Finally, Robert W. Baird decreased their target price on shares of Mettler-Toledo International from $1,369.00 to $1,034.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $1,302.11.

Insider Transactions at Mettler-Toledo International

In other Mettler-Toledo International news, Director Michael A. Kelly sold 1,062 shares of the company's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $1,159.93, for a total value of $1,231,845.66. Following the sale, the director now directly owns 120 shares of the company's stock, valued at approximately $139,191.60. This represents a 89.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.94% of the company's stock.

Mettler-Toledo International Trading Down 0.5%

Shares of NYSE MTD traded down $6.22 during midday trading on Thursday, reaching $1,163.45. The company had a trading volume of 179,252 shares, compared to its average volume of 151,383. The business's 50-day simple moving average is $1,092.15 and its 200 day simple moving average is $1,204.74. The stock has a market cap of $24.18 billion, a P/E ratio of 28.71, a P/E/G ratio of 3.30 and a beta of 1.40. Mettler-Toledo International Inc. has a 1 year low of $946.69 and a 1 year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.90 by $0.29. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. The firm had revenue of $883.74 million for the quarter, compared to the consensus estimate of $876.61 million. During the same period in the prior year, the firm earned $8.89 EPS. The firm's revenue was down 4.6% on a year-over-year basis. Analysts predict that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current year.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc manufactures and supplies precision instruments and services in the Americas, Europe, Asia, and internationally. It operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. The company's laboratory instruments include laboratory balances, liquid pipetting solutions, automated laboratory reactors, real-time analytics, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, density and refractometry, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.